Is it better to raise taxes on high-income households or cut their benefits? It’s probably more efficacious to cut their benefits.

The benefit-cutting example he gave was health care, where if you put a limit on the tax deduction for employer-provided health insurance (as McCain wants to do), you wouldn’t be subsidizing high-income people with super-high-end health plans. There you have it: That class warrior John McCain wants to soak the rich. At least a little bit.

Doing away with, or capping, the home mortgage interest tax deduction would have a similar impact. Although I don’t seem to remember seeing that in either candidate’s platform.